In Which One of the Following Instances Would an Auditor

question 70

Multiple Choice

In which one of the following instances would an auditor most likely issue an unqualified opinion without explanatory language?

• A)Management's disclosures are missing or inadequate.
• B)There is substantial doubt about the entity's ability to continue as a going concern.
• C)There is a significant limitation on the scope of the engagement.
• D)There is an immaterial deviation from GAAP related to capitalizing repairs.

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Definitions:

Fluid Intelligence

The aspect of cognitive ability that involves the capacity to think logically and solve problems in novel situations, independent of acquired knowledge.

Knowledge-Based Questions

are inquiries that require an understanding of specific information or facts to be answered correctly.

Zinacantec Mayan

A reference to the people or culture of the Zinacanteco, an indigenous group in the highlands of Chiapas, Mexico.

Concrete Operational

A stage in Piaget's theory of cognitive development, typically occurring between ages 7 and 12, when children gain the ability to think logically about concrete events.